Ecommerce startup Dreamworld Digital, which runs online retail store BollyWoo.ooo focused on Bollywood fashion and trends, is in talks with three leading private equity players to raise $5-6 million. The funding will be utilized to expand from apparels business to Bollywood locations tourism.
underDOGS, a Mumbai-based game development company, has raised an undisclosed amount of funding from digital platform firm, Intelli Reboot Digital Pvt. Ltd. The alliance aims at acquiring a significant stake in underDOGS as well as to utilize its team strength to develop games together.
Seed-stage venture capital fund SRI Capital launched by serial entrepreneur Sashi Reddi, has invested $1.3 million in two SaaS startups – Yellowdig in Pune and Zuppler in Delhi. The funding will be utilized by the startups to scale up and roll out their products in global markets.
International Finance Corporation (IFC), the private-sector lending arm of World Bank, is investing up to $1 million in global business accelerator Capria Ventures. Capria Accelerator Fund is targeting commitments worth $5 million to invest in early-stage local fund managers in Sub-Saharan Africa, South/South-East Asia and Latin America.
Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by IIFL and Accel Partners. The funding will be utilized for products and designs in addition to powering up marketing initiatives to strengthen the brand’s presence.